Open Recommendations

We recommend the chief operating officer of Federal Student Aid identify compliance audit reporting requirements contained in auditing standards, Department regulations, and OIG audit guidance and determine those reporting requirements necessary for program oversight.

We recommend the chief operating officer of Federal Student Aid ensure that the contractor’s compliance audit acceptability review process includes those reporting requirements that FSA determines are necessary for program oversight.

We recommend the chief operating officer of Federal Student Aid reassess the sampling methodology for the quality control review process for non-flagged and non-deficient audits to ensure the process remains relevant and effective in assessing the acceptability of such audits.

We recommend the chief operating officer of Federal Student Aid update and implement processes for reviewing audit reporting requirements for non-flagged and non-deficient audits to ensure that annual proprietary institution audits meet audit reporting requirements specified in the auditing standards, Department regulations, and OIG audit guidance and which are necessary for program oversight.

We recommend the chief operating officer of Federal Student Aid develop and implement processes at FSA for reviewing audit reporting requirements for flagged and deficient audits to ensure that proprietary institution audits meet audit reporting requirements specified in the auditing standards, Department regulations, and OIG audit guidance and which are necessary for program oversight.

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We recommend the Vice President, Enterprise Planning, take steps to improve consistency in the capacity plan.

We recommend the Vice President, Enterprise Planning, evaluate the solar cost assumptions in the capacity planning model and take actions as necessary.

We recommend the Vice President, Enterprise Planning, consider aligning the Power Supply Plan Input Schedule with the Power Supply Plan Inputs listed in procedures.